A leasehold is:

A) A short-term rental agreement.
B) The same as a patent.
C) The rights granted to the lessee by the lessor of a lease.
D) Recorded as revenue expenditure when paid.
E) An asset held as an investment.

Leasehold

An interest in land or property which is held on a lease.

Lessor

A person or entity that rents out property or equipment to another party, known as the lessee, under the terms of a lease agreement.

Lessee

A person or entity that leases or rents property or equipment from another, known as the lessor.